SAIL Replaces Chief With Ex-Goldman Exec.

Jul 30 2008 | 1:01pm ET

Fund of hedge funds operator SAIL Advisors has hired former Goldman Sachs Group managing director Vincent Duhamel as its new CEO.

Duhamel will be based in Hong Kong and starts on Sept. 17. He replaces Eliza Lau, who previously served as both CEO and chief investment officer. Lau will remain as CIO.

“As our business continues to grow rapidly we are focused on continuing to build the management team at SAIL,” said SAIL Chairman Robert Miller. “Vincent is a key part of this strategy.”

SAIL was founded in 2003 and currently manages come US$2.5 billion in assets.

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